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22 Jan 2013

Launch of a New Senior Secured Notes Offering

Smurfit Kappa today announces an offering by one of its wholly-owned subsidiaries, Smurfit Kappa Acquisitions, of €300 million of euro denominated senior secured notes due 2020. 

The net proceeds of the offering will be used to prepay a portion of the term loans outstanding under SKG's senior credit facility and to pay certain fees and expenses related to the offering. 

The notes are being offered in a private placement, and there will be no public offering of the notes.  The notes will be offered and sold only to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended (the "U.S. Securities Act").

Smurfit Kappa Group Operating Results Update

For the year ended 31 December 2012, we currently expect to report revenue, pre-exceptional EBITDA and net debt in line with those items that we reported for the year ended 31 December 2011. 

Launch of a New Senior Secured Notes Offering